QUESTION 8 Which of the following did Chiquita CEO Fernando

QUESTION 8 Which of the following did Chiquita CEO Fernando

QUESTION 8 Which of the following did Chiquita CEO Fernando Aguirre NOT do in dealing with his company’s crisis in Colombia? turn itself into the U.S. Justice Department cease making illegal payments sell off its Colombia banana unit pay reparations to the family members murdered by guerrillas and paramilitaries 1 points QUESTION 9 According to the article “How Wal-Mart is Changing China,” which of the following is NOT a reason why Wal-Mart established the Direct Farm Program in China? To drive down costs by eliminating unproductive pieces of the supply chain To be able to get produce to customers in cities faster, thereby reducing spoilage To be better able to control the standards of the food it advertises as green and organic To comply with Beijing’s demand that they purchase food directly from rural communes 1 points QUESTION 10 The pragmatic nationalist view sees FDI as having: both benefits and costs benefits and essentially no costs costs and essentially no benefits neither benefits nor costs 1 points QUESTION 11 According to Michael Porter, primary value chain activities involve _____. planning, finance, accounting, legal activities, and government relations acquiring, training, evaluating, compensating, and developing human resources expertise and the tools or equipment related to the exercise of that expertise creating a product or service and distributing it to customers 1 points QUESTION 12 Firms that compete in the global marketplace typically face two types of competitive pressures. They face pressures for cost reductions and: pressures for volume increases pressures to be locally responsive pressures to be politically savvy pressures for price reductions 1 points QUESTION 13 Why would a manufacturing firm prefer to execute a green-field investment instead of acquiring an existing asset in a foreign country? Because green-field investments are typically less costly to execute Because green-field investments are typically less risky Because green-field investments are less likely to be targeted by host governments and/or protesters Because the acquiring firm may want to have full control of facility design and layout 1 points QUESTION 14 According to the article “How Wal-Mart is Changing China,” the country’s burgeoning middle class has embraced Western branded fast-food and grocery chains primarily because: They have new purchasing power and like the novelty of Western brands They are captivated by Western advertising campaigns featuring characters like Colonel Sanders and Ronald McDonald They are seen as more trustworthy food purveyors than their local counterparts Their prices are on average 25 percent cheaper than at their Chinese counterparts 1 points QUESTION 15 Foreign producers typically agree to voluntary export restrictions because: their manufacturing capacity is limited they can divert their exports to other countries and charge more for their products they fear far more damaging punitive tariffs or import quotas might follow if they do not they are required to by the World Trade Organization 1 points QUESTION 16 According to our textbook, firms often view _____ and licensing as alternatives to FDI: importing exporting franchising dumping 1 points QUESTION 17 The notion that innovation by one firm may lead to the destruction of anothers monopoly market share is central to the thinking of _______. Max Weber Friedrich von Hayek Emile Durkheim Joseph Schumpeter 1 points QUESTION 18 __________ are bureaucratic rules that are designed to make it difficult for imports to enter a country. countervailing duties import quotas administrative trade policies local content requirements 1 points QUESTION 19 In the context of international trade, __________ is defined as selling goods in a foreign market at below their costs of production, or as selling goods in a foreign market at below their “fair” market value. subsidizing dumping low balling under-pricing 1 points QUESTION 20 A Panamanian brewery is working on its methods of advertising, promoting, and selling its product. This is an example of _____. primary activities in the value chain support activities in the value chain procurement activities in the value chain service activities in the value chain 1 points QUESTION 21 How did the U.S. Justice Department learn about Chiquita’s payments to illegal groups in Colombia? A private company cable was discovered by U.S. investigators Colombian politicians filed a complaint A whistle blower inside the company came forward without the knowledge of senior executives The company’s senior executives self-disclosed to the U.S. Justice Department 1 points QUESTION 22 Unlike clothing rivals the Gap and H&M, which purchase fabric from independent suppliers and subcontract manufacturing to third parties, Zara embraces ________. vertical integration horizontal integration social responsibility flexible specialization 1 points QUESTION 23 According to the theory of __________, countries should specialize in the production of those goods that it produces most efficiently and to buy the goods that it products less efficiently from other countries, even if this means buying goods from other countries that it could produce more efficiently itself. factor endowments comparative advantage absolute advantage mercantilism 1 points QUESTION 24 Which of the following is not a host country policy designed to encourage FDI? offering cash grants offering low-interest loans offering tax concessions mandating performance requirements 1 points QUESTION 25 Other things being equal, FDI is ________ and ________ compared to exporting or licensing. expensive, risky expensive, risk averse inexpensive, risky inexpensive, risk averse 1 points QUESTION 26 Whereas in developing countries most FDI takes the form of _______, in developed countries most FDI take the form of _______. greenfield investments; acquisitions acquisitions; greenfield investments joint ventures; licensing deals licensing deals; turnkey operations 1 points QUESTION 27 Chinese towel-maker Loftex is cited in the article “How Wal-Mart is Changing China,” as a success story. How come? Because it has achieved ambitious energy-reduction goals set by Wal-Mart Because it has developed new synthetic micro-fibers that are cheaper than cotton Because it has found a way to lower production costs while simultaneously improving working conditions within its factories Because it has found a way to lower production costs while raising worker salaries by 25 percent 1 points QUESTION 28 Heineken’s decision to make a foreign direct investment in Egypt appears to have been motivated by: trade barriers government subsidies legal action attacks on ships in the Suez Canal by maritime pirates 1 points QUESTION 29 What event ultimately causes AES’s senior management to reconsider its effort to bring electricity to Georgia and sell off its stake in Telasi? The Enron scandal The untimely death of CEO Dennis Bakke A military coup in Georgia The acquistion of AES by another company 1 points QUESTION 30 How did AES-Telasi get the Georgian airline to pay its delinquent power bill? Cut power just before an airplane was set to land Threatened legal action Hired law firm headed by brother of the Georgian President It didn’t; was forced to write off the charges as a loss 1 points QUESTION 31 In the 1960s, RCA licensed its leading-edge color television technology to a number of Japanese companies, which later took over the market. This demonstrates: The Japanese are not to be trusted There are certain capabilities that are often not amenable to licensing Licensing may result in a firm’s giving away valuable technological know-how to a potential foreign competitor Licensing does not give a firm the tight control over manufacturing, marketing, and strategy in a foreign country that may be required to maximize its profitability 1 points QUESTION 32 Arcor has responded to the challenge of securing competitively priced ingredients for its candies and chocolates by vertically integrating in Argentina. It now produces all of the following internally EXCEPT ______. sugar cocoa fructose milk 1 points QUESTION 33 According the video shown in class, KBR boss Jack Stanley was sent to prison for _________. Paying bribes Lying under oath Making facilitating payments Failing to disclose information to the Securities and Exchange Commission 1 points QUESTION 34 The EU imposes a duty of 20 percent per ton of the value of bananas imported from Latin America. This is an example of a (an) _____: fixed-rate tariff weight-based tariff ad valorem tariff countervailing duty 1 points QUESTION 35 According to the video interview with Misha Kuryla-Gomez, the hardest part of her business is: Managing her finances Securing quality raw materials Hiring good workers Marketing her product 1 points QUESTION 36 The author of the in-class article about Talisman’s investment in Sudan believes that activist groups like Human Rights Watch choose their corporate divestment targets based on ________. the company’s behavior towards the environment the company’s prominence the company’s nationality, with those from undemocratic countries most likely to be targeted the company’s CSR policies (or lack thereof) 1 points QUESTION 37 If Boeing won an order to sell 50 of its new 787 airplanes to China, but the Chinese government stipulated that 40 percent of the component parts be produced in China, that stipulation would be an example of a (an): ad valorem quota anti-dumping duty administrative policy local content requirement 1 points QUESTION 38 If Misha Kuryla-Gomez could start her business all over again, the one thing she might change is _____. The price points of her cupcakes The name of her company The location of her shop Some of her personnel choices 1 points QUESTION 39 Which international trade theorist(s) suggested that the production of products is likely to switch from advanced countries to developing countries over time as the product matures? Hecksher-Ohlin Porter Krugman Vernon 1 points QUESTION 40 __________ argued in his book “The Wealth of Nations” that the invisible hand of the market, rather than government policy, should determine what a country imports and what it exports. David Ricardo Joseph Schumpeter John Maynard Keynes Adam Smith 1 points QUESTION 41 According to our textbook, the oldest and most common economic argument for restricting trade is to: nurture infant industries achieve a balance of payments surplus achieve a trade surplus protect mature industries from foreign predators 1 points QUESTION 42 According to the video on Chiquita in Colombia, the U.S. banana company admitted to paying protection money to: right-wing paramilitaries left-wing guerrillas drug lords corrupt government officials 1 points QUESTION 43 Pardo’s Chicken, a Peruvian rotisserie chicken restaurant, has expanded internationally through _________. franchise agreements acquisitions Smith; absolute advantage Prahalad & Hamel; core competency 1 points QUESTION 44 Advocates of strategic trade policy favor the use of __________ to help domestic firms achieve a dominant position in those industries where economies of scale are important and the world market is not large enough to profitably support more than a few firms (e.g. aerospace, semiconductors). duties tariffs quotas subsidies 1 points QUESTION 45 Who questioned the assumptions of classical economic theorists, arguing that there could be increasing returns to specialization due to economies of scale and learning effects? Vernon Porter New Trade Theorists Heckscher & Ohlin 1 points QUESTION 46 When transportation costs are added to production costs, it becomes unprofitable to ship some products over a large distance. This is particularly true of products that have a(n): high value-to-weight ratio moderate value-to-weight ratio low value-to-weight ratio extremely high value-to-weight ratio 1 points QUESTION 47 The theory of mercantilism suggests that countries should: Encourage exports and discourage imports. Encourage imports and discourage exports. Encourage both imports and exports. Discourage both imports and exports. 1 points QUESTION 48 According to the article “Strategies that Fit Emerging Markets,” McDonald’s experience in Russia suggests that: Institutional voids can be overcome Some countries, particularly those with collectivist orientations, are just not open to Western fast-food restaurants Business models developed for advanced, Western markets rarely succeed in the developing world Even the most successful multinational firms can lose their way when they forsake the four elements of Porter’s diamond 1 points QUESTION 49 Which of the following is NOT a problem AES encounters during the film “Power Tripâ€? Attacks on the power grid by Chechen separatists Political interference by corrupt bureaucrats Customers unaccustomed and in some cases unwilling to paying for electricity Decaying infrastructure 1 points QUESTION 50 Which of the following is NOT a reason why most Zara products are manufactured for limited production runs? Because limited runs allow the firm to cultivate the exclusivity of its offerings Because limited runs encourage customers to buy right away at full price Because limited production runs encourage customers to visit stores more frequently Because limited production runs require less inventory, which in turn reduces costs and frees up capital for investment in information technology 1 points QUESTION 51 In return for licensing one of its products to a foreign firm, the licensor: gets preferential trade treatment from the country of the licensee gets a special subsidy from the country of the licensee collects a royalty fee on every unit the licensee sells gets a suitcase full of unmarked bills tossed from a bridge 1 points QUESTION 52 Misha Kuryla-Gomez has found that the most effective form of advertising for his business is ____. direct mail online banner ads word of mouth radio

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